Jane Street Group LLC Sells 16,060 Shares of SPX Technologies, Inc. (NYSE:SPXC)

Jane Street Group LLC decreased its stake in shares of SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 24.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,423 shares of the company's stock after selling 16,060 shares during the period. Jane Street Group LLC owned about 0.11% of SPX Technologies worth $7,881,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Assetmark Inc. increased its stake in shares of SPX Technologies by 4.7% during the third quarter. Assetmark Inc. now owns 1,745 shares of the company's stock valued at $278,000 after acquiring an additional 78 shares during the period. Evergreen Capital Management LLC boosted its position in shares of SPX Technologies by 4.3% in the second quarter. Evergreen Capital Management LLC now owns 3,538 shares of the company's stock worth $503,000 after buying an additional 146 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of SPX Technologies by 1.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,233 shares of the company's stock valued at $1,632,000 after purchasing an additional 158 shares during the period. KBC Group NV lifted its position in SPX Technologies by 14.3% in the 3rd quarter. KBC Group NV now owns 1,295 shares of the company's stock worth $207,000 after buying an additional 162 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in SPX Technologies by 3.8% during the second quarter. Fifth Third Bancorp now owns 4,698 shares of the company's stock valued at $668,000 after purchasing an additional 174 shares during the last quarter. Institutional investors and hedge funds own 92.82% of the company's stock.

SPX Technologies Stock Down 1.7 %

Shares of SPXC traded down $2.75 during mid-day trading on Friday, hitting $155.53. 254,829 shares of the company's stock were exchanged, compared to its average volume of 250,279. The company has a 50-day simple moving average of $164.82 and a 200 day simple moving average of $153.98. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.85 and a quick ratio of 1.19. SPX Technologies, Inc. has a 52 week low of $93.02 and a 52 week high of $183.83. The company has a market cap of $7.21 billion, a PE ratio of 41.81, a P/E/G ratio of 1.61 and a beta of 1.26.

SPX Technologies (NYSE:SPXC - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.01. SPX Technologies had a return on equity of 19.70% and a net margin of 9.11%. The company had revenue of $483.70 million during the quarter, compared to analysts' expectations of $501.02 million. During the same quarter in the previous year, the company posted $1.06 earnings per share. The business's revenue was up 7.8% on a year-over-year basis. On average, research analysts forecast that SPX Technologies, Inc. will post 5.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SPXC shares. Wolfe Research started coverage on shares of SPX Technologies in a research report on Monday, November 25th. They set an "outperform" rating and a $199.00 target price on the stock. Sidoti lowered shares of SPX Technologies from a "buy" rating to a "neutral" rating and cut their price objective for the company from $187.00 to $175.00 in a research report on Friday, December 6th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, SPX Technologies has an average rating of "Hold" and a consensus target price of $164.00.

SPX Technologies Profile

SPX Technologies, Inc supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets worldwide. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement solutions for the HVAC industrial and power generation markets, as well as boilers, heating, and ventilation products for the residential and commercial markets.